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MoP unveils National Electricity Plan for transmission
The Ministry of Power (MoP) has launched the National Electricity Plan for transmission, targeting the transmission of 500 GW of renewable energy by 2030 and over 600 GW by 2032. The plan also addresses the need for 47 GW of battery energy storage systems and 31 GW of pumped storage plants. From 2022-23 to 2031-32, the plan aims to add over 191,000 circuit km of transmission lines and 1,270 GVA of transformation capacity at 220…
MOS Utility to enter solar business with new Memorandum of Association clause
Fintech firm MOS Utility’s board has proposed a foray into the solar business, approving the alteration of the object clause in its Memorandum of Association. The new clause will enable MOS Utility to manufacture, assemble, purchase, import, and export various solar products, including PV modules, cells, batteries, energy storage devices, and related equipment and accessories. This strategic move aims to tap into growth opportunities within the solar market, aligning with global sustainability trends. The company…
Kundan Green commits Rs 10 billion to expand RE portfolio by 2028
Kundan Green Energy has committed an investment of Rs 10 billion to expand its renewable energy portfolio by 2028, aligning with India’s target of generating 500 GW of renewable energy. The company plans to invest Rs 130-150 million per megawatt in new projects, focusing on strengthening infrastructure to meet future energy demands. The expansion includes integrating advanced pumped storage systems in upcoming hydropower projects, aiming to boost energy production efficiency. Kundan Green Energy is also…
ORLEN acquires 300MW renewable energy assets in Poland
Orlen Group, through its subsidiary ORLEN Wind 3, has finalized the acquisition of two solar photovoltaic (PV) farms and a wind farm from EDP Renewables Polska, boosting its renewable energy generation capacity by more than 300 MW. The assets include solar PV farms in the Zielona Góra and Poznań provinces, and a wind farm in the Łódź province. This acquisition raises Orlen Group’s total installed capacity to 580 MW in onshore wind farms and over…
NHPC declares winners of 1.2 GW ISTS solar projects
NHPC Limited has announced the winners for the development of 1.2 GW inter-state transmission system (ISTS)-connected solar power projects in India. The successful bidders include Essar Renewables (300 MW), Jevargi Solar (Rays Infra) (200 MW), Onward Solar (50 MW), Avaada Energy (350 MW), and Mahindra Susten (300 MW). Essar Renewables, Jevargi Solar, and Onward Solar quoted a tariff of Rs 2.56 per kWh, while Avaada Energy and Mahindra Susten quoted Rs 2.57 per kWh. The…
Vikram Solar unveils new ‘SURYAVA’ bifacial module with Heterojunction technology
Vikram Solar Limited, a leading Indian solar module manufacturer, has launched its latest innovation, the ‘SURYAVA’ high-performance bifacial module, incorporating Heterojunction technology (HJT). The new product, named after the Sanskrit word ‘Surya’ symbolizing the sun, promises to set new benchmarks in solar efficiency and durability. Unveiled at the company’s Advisory Board Meeting, ‘SURYAVA’ integrates HJT, which combines crystalline and amorphous silicon layers to enhance energy generation. The 20 Busbar module achieves efficiency levels exceeding 23%…